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supplies a lot of energy to western europe in the form of natural gas. this fall it is possible, purely speculative it is possible some of those energy supplies will be squeezed. russian mob does not losing billions of dollars. vladmir putin, good friend with some of the oligarches, he is not happy. heather: we're here in the good ol' u.s. of a, so any impact on us here? >> yes. minor leagues but we're breathing a sigh of relief. when the stock market opened this monday morning even though it followed a series of all-time record highs you will probably see stocks go up a little bit more at opening bell this morning because of a bailout of cyprus. heather: stu varney, thanks for joining us. we appreciate it. you've been busy. >> yep. bill: detroit is taking a big step to solve its financial issues. the new emergency financial manager starts today. kevyn orr, a bankruptcy lawyer and rescue specialist. orr saying failure is not an option when it comes to digging the city out of a deep financial hole. detroit has $14 billion in long-term liabilities. that includes underfunded pension progra
off some things there. a bank. a maybe some energy rights. that has got a lot of folks in the west as you imagine, martha, very nervous. martha: they would love to get their hands on some of the oil in the area. what about the banks, what would the impact be on the banks and these account holders in them? >> reporter: that's what makes this all very nerve-wracking for a lot of folks especially people on the island that we are talking to. the atms are still working to some extent. you can get some money out of those. the bank cards are working as well but the banks themselves, they are closed. they were supposed to open tomorrow. looks like that is not going to happen. maybe not friday. maybe not until next week. when they do open they might limit the amount of money that folks can take out of those banks, all trying to prevent a run on those banks. the big worry, martha, of course is contagion. that there could be fears in other european countries the same kind of thing could happen there and there could be runs on those banks. so far, european union officials are relieved that the
do? this they want the russians coming in and seizing control of a big chunk of energy right in the center of europe? it is possible they will come in and say, you voted know on the bank seizure, maybe we'll give you a whole ton of cash anyway so you don't collapse and we'll keep the russians out. that is the kind of international intrigue going on right as we speak, martha. martha: yeah. >> one second. it is possible there will be a yes vote and those bank deposits will be seized. if that happened the russians would be mightily displeased because it is their money that will go to bailout and be seized for the bailout of cyprus. martha: stuart what's your feeling which way this would go? >> i think it will be a no vote and i think there's a real crunch --. martha: no to the bailout. what do they say to russia? >> in the long run, what do they say to russia. there is all this $30 billion of hot russian money in cyprus banks, some of it could be seized. on the other hand there is this offer, hey, don't worry about it. we'll bail you out, just give us oil and gas. does europe wa
talking to young people is no matter how great the challenges are, their idealism, their energy, their ambition always gives me hope. [applause] and i see the same spirit in the young people here today. [applause] >> i believe that you will shape our future and given the ties between our countries i believe your future is bound to ours. [chanting] [booing ] >> no, no. [chanting] this is part of the lively debate that we talked about. [cheers and applause] >> this is good. [cheers and applause] >> you know -- [cheers and applause] >> i have to say we actually arranged for that because it made me feel at home. [laughter] >> you know i wouldn't feel comfortable if i didn't have at least one heckler. [laughter] >> i'd like to focus on how we, and when i say we, in particular young people can work together to make progress in three areas that will define our times, security, peace, and prosperity. [applause] >> let me begin with security. i'm proud that the security relationship between the united states and israel has never been stronger. never. more exercises between our militaries
Search Results 0 to 3 of about 4